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This short position was finally opened. The fact that $IN is under pressure at high levels isn’t something that started today. When it kept failing to break higher in the previous attempts, I felt something was already off here.
At the time, I wasn’t focused on just a single bearish candle, but on the follow-through buying pressure after each rally. After the opportunity showed up around 0.09609, once I shorted, I kept watching the structure. What really caught my attention was that the pullback kept getting weaker and weaker, while the key level was constantly being pushed lower.
Now the price has reached 0.04604. The return on this short position is +2508.38%, and the room for the move has been released very decisively. A lot of people are still waiting for a rebound confirmation, but the chart first opened up the space below. To put it simply, the rhythm has changed.
For those who are in a position, I think a more comfortable approach is handling it in 80/20 batches: lock in most of the profits first, and leave the rest with a protective level while continuing to watch for an extension. Don’t let floating gains get churned back and forth. If you missed it, don’t force a chase short—wait for the next more comfortable entry.
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